Cryptocurrency Market Cap Surges by 777
Saturday’s market activity showcased a tale of bullish momentum and a renewed interest in digital assets, propelling the overall cryptocurrency market cap by an impressive 7.77% to reach a staggering $2.37 trillion.
Even the meme coin sector did not miss out on this upward trend, with a notable 16.7% increase in the last 24 hours, bringing its total value to $57.7 billion, as reported by CoinGecko.
Let’s take a closer look at some of the notable performers:
Dogwifhat stole the spotlight among the top meme coins, with its Solana-based cryptocurrency (
WIF
) experiencing a remarkable 23% surge in the past day and a notable 28.65% increase over the week. Launched on Nov. 20, 2023, WIF currently trades at $3.37, boasting a market cap exceeding $3.4 billion, making it the fourth largest meme coin and 33rd in the overall crypto market.
Another dog-inspired token, Floki (
FLOKI
), saw its price soar to $0.0001994, marking a substantial 21.58% increase in the last 24 hours and an 18.11% surge over the past week. Floki, which gained popularity following a viral tweet by Tesla CEO Elon Musk in September 2021, continues to show positive momentum, with its 14-day price chart indicating a significant 44% jump.
Dogecoin (
DOGE
), a well-known canine-themed digital asset introduced in December 2013, also experienced an impressive 20.27% surge in the past day, now trading at $0.159. Over the week, DOGE, along with Dogwifhat and Floki, maintained its upward trajectory with a notable 10.46% increase in price, according to CoinMarketCap. While DOGE’s value has seen a 4.4% rise over 14 days, it remains 12.3% lower than 30 days ago.
In addition to these top performers, other meme coins also saw double-digit gains in the last 24 hours. Shiba Inu (
SHIB
) surged by 11.98% to trade at $0.00002553, while Pepe (
PEPE
) experienced a remarkable 16.69% increase over the week. Bonk (
BONK
) also saw its price rise by 11.51% in the past day, reaching $0.00002915.
Despite a decline in activity, experts predict that Solana is set to surpass its all-time high in the near future.
